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234 Fairview RdEllenwood, GA 30294
Grease Monkey
Asset ClassRetail
Cap Rate6.5%
8.75 Years Remaining on Abs NNN Lease
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Overview

Address: 234 Fairview Rd, Ellenwood, GA

Price: $950,000

Cap Rate: 6.50%

Lot Size (AC): .61

Building Size (SF): 1,799

Year Built: 2005

Remaining Lease Term: 8.75 Years

Lease Type: Absolute Triple-Net Ground Lease

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Investment Highlights

  • 8.75 Years Remaining on Absolute Triple-Net Lease with Zero Landlord Responsibilities
  • 10% Rent Increase in July 2027 & 2 x 5-Year Options both with additional 10% Rent Increases
  • Corporate Guaranty by Grease Monkey International, one of the Largest Oil Change Operators in the Nation - 500+ Locations, Approximately $350 Million in Annual Revenue
  • Positioned along Primary Ellenwood, GA Retail Corridor Fairview Rd (24k+ VPD) including Two Grocers (Kroger & Ingles)
  • National Retailers within a 1-Mile Radius are Top Ranking Locations Nationwide per Placer. ai: Kroger (89th Percentile), Planet Fitness (88th Percentile), McDonald’s (94th Percentile), Dollar Tree (89th Percentile), Home Depot (84th Percentile), Zaxby’s (90th Percentile), and more
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234 Fairview RdEllenwood, GA 30294
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Listing provided by Revere CRE